16/2-7

10/06/2011
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/2-7, cf. Section 8 of the Resource Management Regulations.

Well 16/2-7 will be drilled from the Bredford Dolphin drilling facility at position 58°46’48’’N 02°39’16’’E after completing drilling of wildcat well 16/3-4 for Lundin in production licence 501.

The drilling programme for well 16/2-7 relates to drilling of a wildcat well in production licence 501. Lundin is the operator with an ownership interest of 40 per cent. The other licensees are Statoil Petroleum AS with 40 per cent and Maersk Oil Norway AS with 20 per cent.

The area in this licence consists of parts of blocks 16/2, 3, 5 and 6. The well was drilled approximately five kilometres south of the oil discovery well 16/2-6 (“Avaldsnes”) in the central North Sea.

Production licence 501 was awarded on 23 January 2009 (APA 2008). This is the third well to be drilled in the area of the licence.

The permit is contingent upon the operator having secured all other permits and consents required by other authorities before starting the drilling activity.